TIDMITA

RNS Number : 2443J

Itacare Capital Investments Ltd

12 July 2013

 
 Date:                   12 July 2013 
 On behalf of:           Itacaré Capital Investments Ltd ("Itacaré" 
                          or "the Company") 
 For immediate release

Itacaré Capital Investments Ltd

Statement Regarding Share Price Movement

Itacaré notes the recent movement in the Company's share price and confirms that it knows of no reason for the movement.

For further information:

 
 Itacaré Capital Investments             Tel: +44 (0)20 3640 
  Chairman, Michael St. Aldwyn                 5976 
 Itacaré Capital Partners                Tel: +55 11 2678 0800 
  Investment Manager, Pedro de Miranda 
 Cenkos Securities                            Tel: +44 (0)20 7397 
  Stephen Keys, Adrian Hargrave (Nominated     8962 
  adviser) Russell Kerr, Alex Aylen (Sales) 
 Redleaf Polhill                              Tel: +44 (0)20 7382 
  Emma Kane, Henry Columbine, Hannah           4720 
  Fensome                                      E: itacare@redleafpr.com

Notes to Editors:

-- Itacaré Capital Investments Limited is a real estate investment company focused on tourism-real estate developments in Brazil. The Company acquires large parcels of land at strategic locations that can be developed and sold to end users with the intention of achieving a minimum IRR of 25 per cent.

-- The Company invests in projects at an early development stage or in strategic land sites that can be acquired at a discount to open market value at current usage.

-- Itacaré Capital focuses on beachfront parcels with particular geographic characteristics that maximise sea views and reduce the need for expensive landscaping thus translating into higher margin.

-- Itacaré Capital either recruits or looks to partner with local developers to maximise the value of its land investments.

-- Itacaré Capital aims to create a development that is better than the best quality development in the local area in order to achieve maximum pricing power.

-- Itacaré Capital focuses on high quality residential developments that typically include a number of holiday or second home units, luxury hotels and leisure components. Approximately 70% of our portfolio is targeted to domestic buyers.

-- Further information is available at www.itacarecapital.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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